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TC Res. No. 1986-210 0 RESOLUTION NO. 86-21 SERIES OF 1986 A RESOLUTION TO AMEND THE 1986 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND AMENDING THE 1986 BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1986, AND ENDING ON THE LAST DAY OF DECEMBER, 1986. WHEREAS, the Town Council of the Town of Avon has adopted the 1986 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 1986; and WHEREAS, the Town Council finds it necessary to amend the 1986 budget to more accurately reflect the revenues and expenditures for 1985; and WHEREAS, whatever increases may have been made in the expendi- tures, like increases were added to the revenues so that the budget remains in balance, as required by law. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO: Section 1. That estimated expenditures for each fund are as follows for 1986: 1986 Budget General Fund Public Works Fund Transit Fund Debt Service Fund Section 2. That estimated revenues for each fund are as follows: $ 2,224,902 437,000 580,300 225,000 $ 3,467,202 1986 Amended Budget $ 2,122,100 377,000 298,000 225,000 $ 3,022,100 General Fund Revenues Fund Balance (unappropriated) TOTAL General Fund $ 2,058,350 166,552 $ 2,224,902 $ 1,918,400 -1- 203,700 $ 2,122,100 0 i Public Works Fund Revenues $ 356,000 $ 330,500 Fund Balance (unappropriated) 81,000 46,500 TOTAL Public Wrks. Fund $ 437,000 $ 377,000 Transit Fund Revenues $ 580,300 298,000 TOTAL Transit Fund $ 580,300 $ 298,000 Section 3. That the budget, as submitted, amended, and herein- above summarized by fund, hereby is approved and adopted as the budget of the Town of Avon for the year stated above. Section 4. That the budget hereby approved and adopted shall be signed by the Town Manager and made a part of the public records of the Town. ADOPTED, this 28th day of October 1986. TOWN OF AVON, COLORADO Al an R. otting am Mayor -2-